The Bank of the Philippine Islands (BPI), through its investment arm, BPI Capital Corporation, was cited by FinanceAsia magazine as the “Best of Southeast Asia”.
BPI was recognized for its work in two major capital markets deals, namely AREIT, Inc.’s PHP 21.3-billion initial public offering (IPO) and the USD 1.1-billion secured green bond for the Star Energy Geothermal Group in Indonesia.
“We are proud to have paved the way for the development of a new asset class for Filipino investors with the IPO of AREIT, Inc., which is the first issuance of its kind in the country,” said Rhoda Huang, BPI Capital president, “This is in keeping with BPI’s pioneering legacy and vision of building a better Philippines through innovative and excellent banking service.” BPI Capital led the management of the inaugural REIT issuance, acting as Sole Issue Manager, Joint Bookrunner, and Joint Lead Underwriter for the IPO.
BPI Capital served as co-manager for the green bond offering of Star Energy Geothermal, which is the first investment-grade green bond offering to be made in the private sector of Indonesia. FinanceAsia also named the Star Energy Geothermal offering as the Megatrend Deal of the Year – ESG (Environmental, Social, and Corporate Governance).
Additionally, BPI Capital also received five recognitions from The Asset Asian 2020 Country Awards last November, for its role in major financial deals and issuances in the Philippines.
The investment bank served as the sole global coordinator and was one of the bookrunners and lead managers for AC Energy Finance International’s USD 400-million fixed-for-life perpetual green bond. The deal was named as Best Green Bond – Philippines and is the first green fixed-for-life instrument to be issued globally.
It also served as social structuring advisor, lead arranger, and selling agent for the PHP 21.5-billion COVID Action Response (CARe) bond, which was issued in direct response to the pandemic and was awarded as Best Social Bond – Philippines. BPI Capital was also one of the book runners for Manila Water Company’s USD 500-million sustainability bond, which received the Best Sustainability Bond – Corporate award.
BPI Capital’s role as sole global coordinator, bookrunner, and underwriter for AREIT, Inc.’s IPO was again recognized when the deal was cited by The Asset as the Best Philippine IPO for 2020. BPI Capital Corporation was also one of the domestic managers for Jollibee Worldwide Private Limited’s USD 600-million perpetual capital securities, awarded as the Best New Bond – Philippines.
The Asset had previously recognized BPI’s performance in investment research in The Asset Benchmark Research Awards 2020.
Locally, BPI Capital received three prizes in the 5th IHAP Awards of the Investment House Association of the Philippines (IHAP). BPI Capital received the Best Advisory Deal (Small Cap) Award for Globe Telecom’s acquisition of EC Pay, the Best Fixed Income Deal (Large Cap) Award for AC Energy’s USD 400-million perpetual green bond, and Best Project Finance Deal (Large Cap) for its role in Atlantic Aurum Investments Philippines Corporation’s PHP 41.2-billion corporate notes facility.
BPI Lead Economist Emilio “Jun” Neri, Jr. was also named as one of the Philippines’ top individuals in the Asian Local Currency Bond Benchmark Review, receiving the award for 2nd Best Local Currency Bond Individual for Research. This is the 7th time that he has been included in the list of Best Individuals in the same category.
BPI was also named among the Best Sellside Firms, placing 3rd in the Investors’ Choice Category for Primary Bond Issuances in the Philippines. The award was based on a survey across investors on the quality and number of primary issuances in the country.
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